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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (104573)	7/13/2006 12:03:20 PM
From: BSGrinder	Read Replies (1) \| Respond to of 132070

Mike, Are utilities a good idea here? They may become scapegoats for high energy prices - but I would think nothing will be done to re-regulate them until the Republicrooks are in the minority. If so is UTF a good choice for a 401K? Thanks, /BSG

To: Knighty Tin who wrote (104573)	7/14/2006 6:17:46 PM
From: Tommaso	Read Replies (1) \| Respond to of 132070

About 1980, as I have posted in the past, I bought $25 each in about ten discounted closed-end funds though something Merrill Lynch called their "sharebuilder" program. I did this to have all the reports mailed to me. One or two did very badly, especially the good old Madison fund, which was truned into a go-go energy fund and went more or less bust. But when I decided to liquidate a few years ago, my $250 had grown to about $1500 (dividends reinvested and taxes paid). If only I had put all my assets into the same funds and left them alone, I would have been a millionaire by about 1995. But no. I had to keep trying new things.